Press Releases

10/9/2010 - ASSOCIATION OF MILITARY BANKS OF AMERICA ELECTS OFFICERS AT ITS ANNUAL MEETING IN SAN DIEGO, CALIFORNIA

Andrew M. Egeland, Jr., President and CEO of the Association of Military Banks of America (AMBA), announced the election of new officers of the association. The incoming Chairman is John M. Mitchell, Senior Vice President, Business Management Strategy, Columbus Bank & Trust, Columbus, Georgia; Chairman Elect is Vince E. Barfield, Senior Executive Vice President, Bank of Hawaii, Honolulu, Hawaii; Vice Chairman is Terry Tuggle, Chairman, President & CEO, Fort Hood National Bank, Fort Hood, Texas; and Immediate Past Chairman is Larry T. Wilson, Chairman, President & CEO, First Arkansas Bank & Trust, Jacksonville, Arkansas.

In making the announcement, Mr. Egeland stated, “The Association of Military Banks of America is extremely proud to have this new slate of officers to lead the association. They are experienced leaders and dedicated to serving our nation's armed forces and their families. I am very confident the new leadership team will ensure that AMBA continues to lead the banking industry in providing the best financial service possible for military members and their families worldwide."

The Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations, banks not located on military installations but serving military customers, and military banking facilities designed by the United States Treasury. Founded in 1959, the association’s membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation. For over fifty years, AMBA has been instrumental in helping its members serve the financial needs of military personnel and their families. In September 2010, AMBA held its Annual Fall Workshop for military bankers and Department of Defense personnel in San Diego, California. To learn more about AMBA, please visit www.ambahq.org.

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10/1/08 - ASSOCIATION OF MILITARY BANKS OF AMERICA ELECTS OFFICERS AND DIRECTORS AT ITS ANNUAL MEETING IN TUCSON, ARIZONA

Contact:        Andrew M. Egeland, Jr.
               President/CEO
               (540) 347-3305    FAX (540) 347-5995
               Andrew.Egeland@AMBAHQ.org


PR#10-01-2008                                           FOR IMMEDIATE RELEASE


Andrew M. Egeland, Jr., President and CEO of the Association of Military Banks of America (AMBA), announced the election of new officers and directors of the association.  The incoming Chairman is Larry T. Wilson, Chairman, President and CEO of First Arkansas Bank & Trust, Jacksonville, Arkansas; Chairman-Elect is John M. Mitchell, Senior Vice President, Columbus Bank & Trust, Columbus, Georgia; Vice Chairman is Vince E. Barfield, Senior Vice President, Bank of Hawaii, Honolulu, Hawaii; and Immediate Past Chairman is Robert H. Croak, President and CEO, First National Bank of Midwest City, Midwest City, Oklahoma.

Elected as new directors were James A. Cerrone, Vice President, Fort Sill National Bank, Fort Sill, Oklahoma; Raleigh A. (Andy) Trovillion, Senior Vice President, UMB Bank of St. Louis, Missouri; Greg A. Oveland, President of Eisenhower Bank, Fort Sam Houston, Texas; Kent L. Parisien, President and CEO of First National Bank of Odon, Odon, Indiana; and Terry Tuggle, Chairman, President and CEO of Fort Hood National Bank, Fort Hood, Texas.

In making the announcement, Mr. Egeland stated, “The Association of Military Banks of America is pleased to have this new slate of officers and directors to lead the association.  They are experienced leaders and are dedicated to serving our Nation's Armed Forces and their families.  As AMBA begins its 50th year of service, I am confident the new leadership team, through its vision and focus, will enable AMBA to play an even larger role in ensuring that military members have the financial service they need worldwide."

The Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations, banks not located on military installations but serving military customers, and military banking facilities designed by the United States Treasury.  Founded in 1959, the association’s membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation.  AMBA has been instrumental in helping its members serve the financial needs of the Nation’s military personnel.  In September 2009, AMBA will celebrate its Fiftieth Anniversary at its Annual Fall Workshop for military bankers and Department of Defense personnel in Palm Beach, Florida.  To learn more about AMBA, please visit www.ambahq.org.

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9/2/05 - Responding to Hurricane Katrina: FDIC Encourages Banks to Work with Those Hit Hard

FOR IMMEDIATE RELEASE
PR-84-2005 (8-31-2005)

Media Contact:
David Barr (202-898-6992)

As people in the path of Hurricane Katrina attempt to put their lives back together in the aftermath of the storm, the Federal Deposit Insurance Corporation has asked banks it regulates to do what they can to assist in the process.

"There are many things consumers and business owners can do now and in the coming weeks to help put their financial houses back in order in the wake of the Hurricane Katrina," said FDIC Chairman Donald Powell. "The FDIC is doing what we can to try to keep this natural disaster from turning into a financial disaster for all the people harmed by Katrina."

The FDIC is working with other bank regulators to take steps to assure continuity of banking services. The FDIC will continue to work with federal and state counterparts, the banking industry and affected banks, identifying customer needs and monitoring institutions' restoration of services.

To date, the FDIC has issued a letter to bankers encouraging them to work with borrowers in the areas hit hard by the storm. In turn, consumers and business owners experiencing difficulties beyond their control should feel free to actively reach out and work with their financial institutions. For example, customers can ask their banks to:

• Extend repayment terms
• Ease terms for new loans including the ability to skip some payments
• Restructure loans
• Obtain short-term loans for living expenses until insurance proceeds are received
• Waive overdraft fees if the bank was not able to process deposits in a timely manner due to the storm
• Waive fees for using other ATMs if a bank owned system is not available

Each situation is unique; not all banks will be able to provide the options above and some may provide additional services for their customers. The key is for customers to open a dialogue to find out how their bank can help them recover from this natural disaster.

Consumers can also:

• Keep copies of financial transactions. Make sure to retain receipts of transactions conducted with financial institutions.
• Remember all available payment options (checks, credit cards, debit cards, ATMs and teller) in the event one does not work as planned. When making withdrawals, make reasonable decisions based on solid information to minimize the risk of being robbed.
• Be on guard against scams. Protect personal information, including bank account, credit card and Social Security numbers.

Consumers with questions on deposit insurance or other banking related issues can call the FDIC's toll free Consumer Hotline at 1-877-ASK-FDIC (1-877-275-3342).

The FDIC letter to bankers can be found at: http://www.fdic.gov/news/news/financial/2005/fil8505.html.

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9/1/05 - AFFN Recognized by the Department of Defense

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